Form 4: Ardelix Inc. Officer Mike Kelliher Sells Shares to Cover Taxes
SEC Form 4 Filing
Mike Kelliher, an officer of Ardelix Inc., sold 14,522 shares of common stock on May 20, 2025, to cover withholding taxes related to the vesting of restricted stock units.
Summary
- On May 20, 2025, Mike Kelliher, an officer of Ardelix Inc. (ARDX), sold 14,522 shares of common stock.
- The sale was executed at a price of $4.0814 per share.
- The transaction was conducted to cover applicable withholding taxes upon the vesting of restricted stock units (RSUs).
- Following the transaction, Kelliher directly owns 282,158 shares of Ardelix Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock; this provides transparency to the market.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of the stock sale transaction. |
| 05/22/2025 | Date of signature for the Form 4 filing. |
Keywords
ARDX, Ardelix Inc., Mike Kelliher, Form 4, Stock Sale, Restricted Stock Units, RSUs, Officer, Beneficial Ownership, SEC Filing
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